Where would you invest $12,000? Currently no debt. Own a home and have some stock. So for an addition $12,000 would it be wise to look at an investment property or perhaps more stocks/bonds? Are there small LEGITIMATE side business's that can be entered into w/ this type of money?
2006-09-18 05:38:29 · 23 answers · asked by Rob 1 in Business & Finance ➔ Investing
It depends on your skills, interest and the time available to devote to the business.
Let's say that you are a web developer employed by a major department store. You can't do part time work for another store, it's a conflict of interest. However, you could design sites for towns and schools.
If you are an accountant for a company, you could do taxes for individuals.
If you like sales, you could go into multi-level marketing, as long as you actually sell the product or service the company offers.
Real estate sales on weekends and evenings.
2006-09-18 05:59:15 · answer #1 · answered by SPLATT 7 · 1⤊ 0⤋
Questions like this one have no answers. It is a choice you must make based on your personal risk/return profile. Don't let anyone tell you "Real Estate doesn't decrease in value." It does! Just like every other asset. As for Value Line, how many other people do you think have made that a buying strategy? Tons. All of those peoples' ideas have already been taken into consideration within the market value of the stock. So the reality is that with $12k, you don't stand much chance of determining your own investment future in the open markets...stocks, bonds or real estate.
However, your idea about a side business might be a very good one. If you are the sole owner of a business, you have much more say in your investment's future and are able to proactively manage issues. There are plenty of get rich quick schemes, but take those with a grain of salt. If they truly make so many people rich, why don't we all do them? The only tried and true way to increase your wealth is to take a chance and be right! Having said that, try a side business that you know a lot about. That will make all the difference.
2006-09-18 06:35:17 · answer #2 · answered by ajherden 3 · 0⤊ 0⤋
sit down with a financial planner and put the best investment strategy together that takes into considerartion your age, and so forth. This is a good time to invest since we are in a sideways market, but you never really stated what you have saved for the future, what your age is, and if you want access to the money soon.
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2006-09-18 15:52:16 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Invest in stocks. Go to the library and ask for a copy of Value Line Selection and Opinion. They run three model portfolios and let you know what they're doing every week. For higher growth / higher risk, pick Portfolio 1. Buy when they buy, sell when they sell, and you'll do fine.
2006-09-18 05:43:00 · answer #4 · answered by charles c 3 · 2⤊ 0⤋
I know it seems strange but if i had 12000$ i would buy a Garage in Malta, rent it out then sell it in 10 years. Last year the rate of property here increased by 15% and this year well....its just plain crazy !!
2006-09-18 05:49:31 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I HAVE BEEN TRADING CURRENCY FOR A WHILE FOUND THAT IT IS WAY MORE LUCRATIVE THAN STOCKS SO IF YOU ARE INTERESTED IN CHANGING THE WAY YOU LIVE AND WANT MORE FROM LIFE,THAT NICE CAR, BIG HOUSE, THEN MAYBE YOU SHOULD INVEST IN CURRENCIES, I WILL TELL THAT I STARTED OUT WITH ABOUT 5000 INVESTED AND I MADE AN ADDITIONAL 4000 IN ABOUT 3 MONTHS. http://www.easy-forex.com/Gateway.aspx?gid=18712
2006-09-18 10:12:15 · answer #6 · answered by andre h 1 · 0⤊ 0⤋
thats not that much money, but if you want to invest in stocks or forex take the time to study them, dont go to a broker and take advice, or your 12000 will become 3000 very quick like. i trade forex and if you want to invest your money and make good money start learning and maybe take a class from fxcm.com its one of the top forex brokers. if not that put a down payment on a home. i see hundreds of guys coming home from iraq w/ twice that amount of money and spend it ina month, so be careful
2006-09-18 05:44:29 · answer #7 · answered by Anonymous · 1⤊ 0⤋
I would definitely go with real estate. You can't go wrong there, the value will always increase.
You also might look into some type of restaurant franchise. I have heard you can get a Subway franchise reasonably.
2006-09-18 05:40:29 · answer #8 · answered by Nunya 5 · 0⤊ 0⤋
You can open a small business in Mexico with that money.
I suggest you to stay away from Bonds.
Stocks are a good choice.
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2006-09-18 09:10:22 · answer #9 · answered by Anonymous · 0⤊ 1⤋
If you do not want to invest in propriety your self,than look into loaning money to invester.you get about 15% back on your returns. Goodluck!
2006-09-18 06:02:07 · answer #10 · answered by pete 1 · 0⤊ 0⤋